Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, Godwin Emefiele, bail in the sum of N300 million.
In a ruling on Wednesday, Justice Muazu also held that Emefiele should produce two sureties, who must have landed property in the Maitama District of the FCT.
The court also ordered Emefiele to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.
Emefiele was not in court during today’s proceedings, having been remanded at Kuje Prison last week.
The court adjourned till November 28 for the commencement of trial.
Another FCT High Court had two weeks ago ordered his release in a fundamental human rights suit he instituted against the federal government.
Emefiele is standing trial for alleged procurement fraud. The Federal Government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN governor. However, the FG reduced the charges to six to the tune of N1.2bn, which he was arraigned on last Friday.
